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BHARAT FORGE LIMITED |
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Regd. Office : Mundhwa, Pune 411
036 |
INFORMATION IN ADDITION TO LISTING
REQUIREMENTS |
COMBINED UNAUDITED FINANCIAL INFORMATION OF BHARAT
FORGE LIMITED & ITS WHOLLY OWNED SUBSIDIARIES FOR THE QUARTER
ENDED SEPTEMBER 30, 2008 |
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(Rs. in Lacs) |
| Sr.No. |
Particulars |
Quarter ended |
|
30th September, 2008 |
30th September, 2007 |
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|
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| 1 |
Net Sales & Income from
Operations |
134,660 |
104,516
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| 2 |
Other Income |
1,318 |
1,520
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|
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| 3 |
Total Income |
135,978 |
106,036
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| 4 |
Total expenditure |
115,278 |
86,761
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| 5 |
Profit before Interest,
Depreciation and Tax |
20,700 |
19,275
|
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| 6 |
Interest |
2,889 |
3,000
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| 7 |
Depreciation |
6,078 |
5,428
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| 8 |
Profit before Tax &
Exceptional Item |
11,733 |
10,847
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| 9 |
Exceptional Item |
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A. Exchange (Loss) / gain |
(8,751) |
1,087
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B. Customers claims acknowledged (see note 2) |
(2,405) |
-
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| 10 |
Profit Before Tax |
577 |
11,934
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| 11 |
Provision for taxation
|
163 |
4,021
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| 12 |
Net Profit After Tax And
Exceptional Item
|
414 |
7,913
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Notes:
1. The above does not include financial information of FAW Bharat Forge (Changchun)
Company Limited - Company's Joint Venture in China.
2. Due to breakdown of crankshaft of press during February 2007, one of the wholly owned
subsidiaries of the company has acknowledged claims from its customers for reimbursement of
all costs, expenses, loss and damage incurred by an alleged failure to deliver . The said
subsidiary has filed a claim with Insurance company for business interruption and material
damages for an amount of Rs. 3290 lacs. The claim with Insurance Company is yet to be settled.
3. The above additional information were noted by the Board of Directors of the Company
at its meeting held on October 25, 2008
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